Jun, 30, 2024 — MUNCIE FEDERAL CREDIT UNION is a federal credit union headquartered in MUNCIE, IN with 1 branch location and about $14.37 million in total assets. Opened 90 years ago in 1935, MUNCIE FEDERAL CREDIT UNION has about 1,136 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MUNCIE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 5400 N Wheeling Ave MUNCIE, IN 47304-5862 |
| Phone: | (765) 284-7667 |
| Fax: | (765) 284-7697 |
| Website: | https://www.munciefcu.org |
| Branches: | 1 branch locations |
| Members: | 1,136 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 339 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1935 |
| Last Audited: | Jun 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $14,368,511 |
| CEO/Manager: | Donna L Etchison |
| Chairperson: | Gary Addison |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 145,022 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,147,948 |
| Unsecured Loans | 490,707 |
| Other Loans | 2,534,069 |
| TOTAL LOANS | 4,172,724 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -24,426 |
| Land And Building | 282,768 |
| Other Fixed Assets | 58,133 |
| NCUSIF Deposit | 136,368 |
| All Other Assets | 0 |
| TOTAL ASSETS | 14,368,511 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 279,222 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,034,410 |
| Regular shares | 4,988,325 |
| All Other Shares & Deposits | 5,455,580 |
| TOTAL SHARES & DEPOSITS | 12,478,315 |
| TOTAL LIABILITIES | 12,757,537 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 1,610,974 |
| TOTAL EQUITY | 1,610,974 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 14,368,511 |
| INCOME & EXPENSE | |
| Loan Income | 147,009 |
| Investment Income | 89,187 |
| Other Income | 43,293 |
| Total Employee Compensation & Benefits | 146,854 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 190,252 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 14,915 |
| Cost of Funds | 15,210 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -33,236 |
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